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Other financials

Income statement

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Revenue$862.0M+6.2%
Net income$262.0M+20.2%
EPS (diluted)$0.53+29.3%

Balance sheet

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Cash & equivalents$1.9B
Total equity$9.2B+4.8%
Total assets$84.1B+3.2%

Cash flow

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Operating cash flow$278.0M-20.3%
CapEx$8.0M-11.1%
Free cash flow$270.0M-20.6%

Valuation

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Market cap$11.78B+8.9%
P/E11.5×-2.0×
P/S3.4×0.0×

Profitability

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Net margin29.6%+4.4pp
FCF margin30.4%

Returns & leverage

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Return on equity11.5%+2.4pp
Debt / equity0.6×0.0×

Where this comes from

Calculated from First Horizon’s reported figures.

Plus components not separately reported this period.

The official record: First Horizon’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is First Horizon's total debt?
First Horizon (FHN) reported total debt of $5.49B in Q1 2026.
How has First Horizon's total debt changed year-over-year?
First Horizon's total debt decreased by 0.0% year-over-year, from $5.49B to $5.49B.
What is the long-term trend for First Horizon's total debt?
Over 5 years (2020 to 2025), First Horizon's total debt has grown at a 2.9% compound annual growth rate (CAGR), from $4.28B to $4.95B.
What does total debt mean?
The total amount of money the company owes to lenders and other creditors.
How do you interpret total debt?
An increase in total debt may signal aggressive expansion or liquidity needs, while a decrease often indicates deleveraging or improved internal cash flow generation.
How does total debt compare across companies?
Regional banks typically maintain debt levels proportional to their asset size and regulatory capital requirements, with peers often evaluated based on debt-to-equity or debt-to-asset ratios.